Adjustments to Eliminate Unrealized Profit Tan & Lee Chapter 4© 200917 In the current period: DrSales CrCost of sales CrInventory In the following per
{"Image DocumentName": "Adjustments to Eliminate Unrealized Profit", "Image ImageDescription": "Assuming no NCI effect. In the current period: Dr. Sales. Cr. Cost of sales. Inventory. In the following period (if unsold): Dr. Opening RE. Cr. Inventory. Remove unrealized profit in inventory. Inter-company sales is reversed. Eliminate realized cost of sales. Reverse unrealized cost of sales. In the following period (if sold): Dr. Opening RE. Cr. Cost of sales. Adjust cost of sales from transfer price to original cost. Unsold % x Unrealized profit. Tan & Lee Chapter 4. \u00a9", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}